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Dec 2, 2013
12/13
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the obama administration says it doubled the capacity to the site. it can handle 50,000 viewers simultaneously. the peak traffic in the coming weeks might eclipse the new capacity as people sign up for the new health care plans by december 23rd. >>> still to come, december's historically been one of the best months of the year. will the markets play santa or scrooge for investors this year. we'll be having more insight. we'll be going to the cme as well. [ imitating engine revving ] that's mine. ♪ that's mine. ♪ that's mine. ♪ come on, kyle. ♪ [ horn honks ] that's mine...kyle. [ male announcer ] revenge is best served with 272 horses. now get the best offers of the season. current lessees with an expiring lease get this 2014 ats for around $299 a month. ♪ just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks wit
the obama administration says it doubled the capacity to the site. it can handle 50,000 viewers simultaneously. the peak traffic in the coming weeks might eclipse the new capacity as people sign up for the new health care plans by december 23rd. >>> still to come, december's historically been one of the best months of the year. will the markets play santa or scrooge for investors this year. we'll be having more insight. we'll be going to the cme as well. [ imitating engine revving ]...
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Sep 25, 2013
09/13
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government that strips money from obama care. fellow republicans are expected to line up with party leaders to pass the funding bill without the provision to avoid a government shutdown last week. cruz's performance may look like a filibuster, but it's not because under rules he must yield the floor by noon eastern for a procedural vote on the spending bill. at the same time, treasury secretary jack lew says the u.s. could have less than $50 billion of cash on hand when the government hits the ceiling in october. joining us for the last -- for the rest of the show today, frederick nebran. good to see you. >> thank you. >> how much of a risk is not necessarily the budget, but the debt ceiling discussions for investors? >> i think it's a concern. and it's going to be an ongoing concern given the political statements that we're getting out of both parties that they don't seem to be willing to reach some type of agreement that we've seen in the past. so when we saw this in 2011, they went in and had discussions. they don't really see
government that strips money from obama care. fellow republicans are expected to line up with party leaders to pass the funding bill without the provision to avoid a government shutdown last week. cruz's performance may look like a filibuster, but it's not because under rules he must yield the floor by noon eastern for a procedural vote on the spending bill. at the same time, treasury secretary jack lew says the u.s. could have less than $50 billion of cash on hand when the government hits the...
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Jan 21, 2013
01/13
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president barack obama began his second term at the white house. everyone decked out in blue pretty much and obama put his hand on the bible to a. >> i barack obama do solemnly swear. >> that i feel faithfully execute. >> the office of the president of the united states. >> the office of president of the united states. >> now today, president obama will attend his public inauguration in washington. the reason why that ceremony happened yesterday is the president that's be sworn in by i think it's noon on the 20th. that was the private sayre mope. the private one takes place today. as many as 800,000 people are expected to attend the swearing-in in washington. the president will repeat his swearing in and give the traditional speech. if you're wondering how markets have done since president obama took office, 10 5/% return for the nasdaq, 65% for the dow. we're not necessarily attributing this to president obama himself, but you can look at how oil markets have traded over the last four years. the recovery from the credit crisis had pretty much most
president barack obama began his second term at the white house. everyone decked out in blue pretty much and obama put his hand on the bible to a. >> i barack obama do solemnly swear. >> that i feel faithfully execute. >> the office of the president of the united states. >> the office of president of the united states. >> now today, president obama will attend his public inauguration in washington. the reason why that ceremony happened yesterday is the president...
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Mar 7, 2013
03/13
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president obama meets with the full senate caucus next week and will pay a visit to house republicans, as well. the senate passed a bill to fund the government until september. >>> carl icahn has baeth about 6% of dell. the move could complicate michael dell anticipates planned $24 billion buyout. icahn reportedly wants dell to take on now debt, as much as $9 billion worth and issue a special dividend and would likely oppose the buyout. southeastern management has also said they'll vote against the deal. they were up almost 2% but is giving back some of those issues. >>> reports say the faa is close to approving boeing's battery fix. the dreamliner has been grounded four seven weeks now, costing an estimated $350 million. boeing and dream liner batterymaker gs rossa is seeing shares up today. yuasa up almost 9% on that news. >>> and facebook is holding a press conference today to unveil a apparently a redesigned news feed. in january, the ceo said the new line could include nor videos, more photos and a new edge curving ad. a recent survey found 51% of users have taun a sabbatical. fa
president obama meets with the full senate caucus next week and will pay a visit to house republicans, as well. the senate passed a bill to fund the government until september. >>> carl icahn has baeth about 6% of dell. the move could complicate michael dell anticipates planned $24 billion buyout. icahn reportedly wants dell to take on now debt, as much as $9 billion worth and issue a special dividend and would likely oppose the buyout. southeastern management has also said they'll...
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Jan 11, 2013
01/13
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. >>> barack obama officially nominated jack lew to replace timothy geithner overnight. speaking from the east room of the white house, the president made it clear just why he made this move for the post. >> over the past year, i've sought jack's advice on virtually every decision i've made from economic policy to foreign policy. and one reason jack has been so ekive in this town is because he is a low-key guy who prefers to surround himself with policy experts rather than television cameras. and and to hear who has been nominated for obama's cabinet, senator john kerry to replace hillary clinton as secretary of state, jack lew to replace timothy geithner and chuck hagel to as secretary of defense. tinny, good to see you. happy new year. >> happy new year to you, too. >> nice to see you. what do you make of the reshuffle? >> well, they are not surprising choices. there's a lot of discussion about whether obama's second term means changes or continuity. i'd use another key term which is consolidation. i think his cabinet are loyalists and insiders. they'll help move forwa
. >>> barack obama officially nominated jack lew to replace timothy geithner overnight. speaking from the east room of the white house, the president made it clear just why he made this move for the post. >> over the past year, i've sought jack's advice on virtually every decision i've made from economic policy to foreign policy. and one reason jack has been so ekive in this town is because he is a low-key guy who prefers to surround himself with policy experts rather than...
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Jun 14, 2013
06/13
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this as president obama gives the go ahead for the u.s. to provide military support to the syrian rebels. the plan could include supplying weapons. the decision comes after the white house concluded evidence shows syrian president bashar assad used chemical weapons against opposition forces. the u.n. says nearly 93,000 people have been killed since the country's conflict began more than two years ago. >>> germany's reportedly seeking to delay eu membership talks with turkey in response to the government's crackdown on the recent unrest. at the same time, the prime minister from turkey met with groups opposed to the redevelopment of a city park in istanbul. some say it could be a last attempt to stem the two week old demonstrations. >>> coming up, nbc's richard engel will join us from instan bull for the very latest on those protests at 11:00 cet. >>> japan's cabinet has endorsed a long term growth strategy. the story from tokyo. >> hi, russ. the final economics arrow is mainly aimed at boosting private sector investment and rebuilding busi
this as president obama gives the go ahead for the u.s. to provide military support to the syrian rebels. the plan could include supplying weapons. the decision comes after the white house concluded evidence shows syrian president bashar assad used chemical weapons against opposition forces. the u.n. says nearly 93,000 people have been killed since the country's conflict began more than two years ago. >>> germany's reportedly seeking to delay eu membership talks with turkey in response...
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Dec 17, 2013
12/13
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house. >> we've got the expire for mortgage debt relief act. what impact is that the going to have? >> that is big. that expires at the end of this month unless it's renewed. it will not be renewed before the end of the month, but it may be renewed next year and retrough active. it louded people to sell their homes when under water. there's still about 9 million people under water in the u.s. so with that act expiring, folks are just not going to be able to do short sales. if they have to pay income tax on that money that's forgiven. that could have a huge impact on sales in general. >> what has been supportive for the year, inventory fairly low because a lot of sellers are still under water. and we haven't had a, you know, a huge amount of construction. will either of those two things change in 2014? >> sure. new construction is improving slowly, but surely. but remember, we had years of activity, maybe a third of the normal activity. we'll finish 2013, ross, with about probably under a mil
house. >> we've got the expire for mortgage debt relief act. what impact is that the going to have? >> that is big. that expires at the end of this month unless it's renewed. it will not be renewed before the end of the month, but it may be renewed next year and retrough active. it louded people to sell their homes when under water. there's still about 9 million people under water in the u.s. so with that act expiring, folks are just not going to be able to do short sales. if they...
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Nov 4, 2013
11/13
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they were just up on the hill last week on the house side, karen. this is probably ease -- these hearings probably aren't going to stop. there are a number of committees looking into this. >> do you think the obama administration can use obama care at some point to become a public -- a positive public relations exercise? >> well, it just depends. they really need to get a lot of people in. if you start getting people in who can find insurance and they feel good about the affordability of it, certainly then that becomes a testament, but at the moment they really have really big hurdles to overcome with this main way for people to sign up in some 36 states. just yesterday on the sunday shows obama administration was kind of, you know, talking down some expectations on enrollment numbers. one of the white house advisors yesterday saying i can promise you the numbers are going to be low when they finally do start reporting them later this month. >> bertha, thank you very much for the update there. >>> here are your headlines today. the end game for sac
they were just up on the hill last week on the house side, karen. this is probably ease -- these hearings probably aren't going to stop. there are a number of committees looking into this. >> do you think the obama administration can use obama care at some point to become a public -- a positive public relations exercise? >> well, it just depends. they really need to get a lot of people in. if you start getting people in who can find insurance and they feel good about the...
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Sep 23, 2013
09/13
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president obama called house speaker john boehner and said he won't negotiate on the issue. in his weekly radio address the president has accused the gop to plunge them back into default and back into recession. >> the united states of america is not a dead beat nation. we are a compassionate nation. doing anything to threaten that is the height of irresponsibility. >> the u.s. is expected to bump up against its borrowing limit in october. robert zel lick weighed in on the debt ceiling dilemma in an exclusive interview with cnbc. >> the republican leadership in the house has a challenge with some of its own membership. the republican membership faces a primary challenge as well as a general election challenge and the democratic leaders have also struggled to be able to whether they even want to support the president on some of these issues. normally in the u.s. system these things work out. if i were forced to bet, i think that's going to happen. you have greater risk. >> coming up, we'll be in washington for a closer look of the budget showdown. politico's john allen will j
president obama called house speaker john boehner and said he won't negotiate on the issue. in his weekly radio address the president has accused the gop to plunge them back into default and back into recession. >> the united states of america is not a dead beat nation. we are a compassionate nation. doing anything to threaten that is the height of irresponsibility. >> the u.s. is expected to bump up against its borrowing limit in october. robert zel lick weighed in on the debt...
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Oct 10, 2013
10/13
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. >>> to our top story this morning, president obama met with house democrats at the white house wednesday evening. he told them to be prepared for give-and-take in budget talks. the president will meet with house republicans later today. he had invited the whole gop caucus, but house speaker john boehner is sending 18 leaders and committee chairs. house republicans are considering a short increase to buy time for broader policy discussions on the budget. on wednesday, republican senator susan collins proposed a plan to reopen the u.s. government and raise the debt ceiling in return for killing the medical device tax. that, of course, is part of obama care. >>> treasury secretary jack lew testifies about the debt ceiling before the senate finance committee. that's at 8:00 a.m. eastern. he's expected to warn lawmakers he won't be able to guarantee payments to any group such as social security, military veterans or used bondholders if congress doesn't agree to raise the debt limit. lew plans to say he would do all he can to minimize the pace, but he would be relying on an erratic slow of inc
. >>> to our top story this morning, president obama met with house democrats at the white house wednesday evening. he told them to be prepared for give-and-take in budget talks. the president will meet with house republicans later today. he had invited the whole gop caucus, but house speaker john boehner is sending 18 leaders and committee chairs. house republicans are considering a short increase to buy time for broader policy discussions on the budget. on wednesday, republican...
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Oct 9, 2013
10/13
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president barack obama is pushing house republicans to end the government shutdown and raise the debt ceiling in a more than hour long news conference in the white house on tuesday, the approximated says he's happy to speak with john beaners and others about anything including his health care plan but not until after these two disputes are settled. he says republicans must end their threats saying extortion can't about a routine part of the democracy. >> there's no silver bullet. there's no magic wand that allows us to wish away the chaos that could result if for the first time in history we don't pay our bills on time. and when i hear people trying to downplay the consequences of that, i think that's really irresponsible. >> earlier in the days, president obama and house speaker john boehner struck a more constellatory exchange. >> so the president's position that, listen, we're not going to sit down and talk to you until you sur renders is just not sustainable. it's not our system of government. >> have we pushed the dollar enough? >> i think we have one uncertainty in the market. t
president barack obama is pushing house republicans to end the government shutdown and raise the debt ceiling in a more than hour long news conference in the white house on tuesday, the approximated says he's happy to speak with john beaners and others about anything including his health care plan but not until after these two disputes are settled. he says republicans must end their threats saying extortion can't about a routine part of the democracy. >> there's no silver bullet. there's...
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Jul 2, 2013
07/13
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athens is three days to get its house in order. reuters reports eu officials aren't happy with the way greek reforms are progress, setting a deadline to unlock the next chunk of aid. >>> portugal's finance minister quits as he admits he lost the public support for the austerity plan. monty threatens to withdrawal from the coalition amidst the slow pace of reforms. >>> all right, we'll kick off with egypt. the president of the country vowed to steer his own course despite being given 48 hours by the army to reach an agreement with liberal opposition leaders. mohamed morsi says the statement by the military caused confusion and he will pursue his own negotiations with political rivals. in a statement on his facebook page, the president said he had spoken to barack obama telling him egypt was moving forward to a peaceful, democratic transition. the same time military helicopters training the national flag lifted the spirits of the protesters. the organizers of the mass demonstrations are reported to have ruled out any negotiations wit
athens is three days to get its house in order. reuters reports eu officials aren't happy with the way greek reforms are progress, setting a deadline to unlock the next chunk of aid. >>> portugal's finance minister quits as he admits he lost the public support for the austerity plan. monty threatens to withdrawal from the coalition amidst the slow pace of reforms. >>> all right, we'll kick off with egypt. the president of the country vowed to steer his own course despite being...
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Mar 1, 2013
03/13
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president obama holds budget talkses with the white house today. but the odds are pretty low on a deal. >>> uk manufacturing activity unexpectedly slumped into negative territory in february. new orders fall to their lowest level since july and the pound is sharply lower. >>> chinese factory activity causes a five-month low, pulling into question the strength of the recovery in the world's number two economy. >>> and european stocks start the month trying to inch their way into the green after all three major u.s. averages ended february higher. the dow was in 16 points yesterday of its all-time high. >>> all right. the ftse managed to make it nine months in a row of gains in february. the first trading day today, we're flat now. we were a little firmer. the manufacturing pmi is not helping britain out. the xetra dax down 0.2%. the cac 40 down 0.4%. the ftse mib down about 11%. >> take a look at the bond space. even as we've seen the mib sell off, peripheral bonds stell held up okay. spain and italy are seeing the yields fall a bit. 4.711% for ital
president obama holds budget talkses with the white house today. but the odds are pretty low on a deal. >>> uk manufacturing activity unexpectedly slumped into negative territory in february. new orders fall to their lowest level since july and the pound is sharply lower. >>> chinese factory activity causes a five-month low, pulling into question the strength of the recovery in the world's number two economy. >>> and european stocks start the month trying to inch...
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Dec 12, 2013
12/13
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the house cleared the measure by a 9 to 3 vote, setting it up for debate and a vote on the floor of the chamber today. >>> and president obama's reportedly expected to nominate stanley fisher to replace janet yellen as fed vice chair once she takes over for ben bernanke. fisher has held top posts at the imf and world bank. in the 1980s, his students including bernanke, mario draghi and summers. he called the upon buying program, dangerous, but a necessary move for the u.s. economy. >>> joining us with his thoughts on credit is kevin corrigan. thanks very much, indeed, kevin, for joining us. do you have any views on the implication of stanley fisher -- >> yeah. i think in fixed income overall, whether it's credit or sovereign ded debt, actually, we've been guided by sort of the larger hands of qe. and to that end, actually, the markets are focused on the next stage of this development turns. and i suspect that what might happen is people will focus less perhaps on tapering, clearly front and center on headlines and more on forward guidance. >> that's what the fed would like. but there is
the house cleared the measure by a 9 to 3 vote, setting it up for debate and a vote on the floor of the chamber today. >>> and president obama's reportedly expected to nominate stanley fisher to replace janet yellen as fed vice chair once she takes over for ben bernanke. fisher has held top posts at the imf and world bank. in the 1980s, his students including bernanke, mario draghi and summers. he called the upon buying program, dangerous, but a necessary move for the u.s. economy....
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Aug 14, 2013
08/13
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president obama wants some space to decide who he will be nominating to replace fed chairman ben bernanke. reuters reports the white house is annoyed that senate democrats wrote a letter to the president critical of former treasury secretary larry summers, urging him to pick fed vice chair janet yellen instead. deputy chief of staff nabor addressed the issue with harry reid's top staffer who says reid will support whom ever the president chooses. president obama isn't expected to make his choice until sometime this fall. still with us is dara at hsbc. i thought that president obama made it really clear to us that he wants summers to be the next fed president. all of a sudden, he wants more space. >> yeah, i mean, the way the media -- that seems to be the case. we have not heard anything from the white house to suggest otherwise. he wants to make it appear as a kind of decision process. only one guy in the lineup so far as you're concerned, not really a process, why don't you just tell us tomorrow. he's trying to make it more into a debate, more of a process, which it is, i'm sure. i'm sur
president obama wants some space to decide who he will be nominating to replace fed chairman ben bernanke. reuters reports the white house is annoyed that senate democrats wrote a letter to the president critical of former treasury secretary larry summers, urging him to pick fed vice chair janet yellen instead. deputy chief of staff nabor addressed the issue with harry reid's top staffer who says reid will support whom ever the president chooses. president obama isn't expected to make his...
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Apr 24, 2013
04/13
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eastern reporting explosions at the white house that injured president obama. ap quickly said the message was a fake but within three minutes of the tweet, the dow plunged 147 points before recovering. much of the trading was done of course by computer programs used by high frequency trading firms. on that note, we were asking people today whether twitter is to blame or is this really an issue about high frequency trading? do you trust twitter in your trading decisions? it's becoming more and more central to social markets. we'll be right back. italy taps bund markets. we'll bring you the latest when we come back. [ driver ] today, my ambulance knew all about a bike accident, just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and stadiums. but, of course, it's a good listener too. [ female announcer ] today cisco
eastern reporting explosions at the white house that injured president obama. ap quickly said the message was a fake but within three minutes of the tweet, the dow plunged 147 points before recovering. much of the trading was done of course by computer programs used by high frequency trading firms. on that note, we were asking people today whether twitter is to blame or is this really an issue about high frequency trading? do you trust twitter in your trading decisions? it's becoming more and...
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May 22, 2013
05/13
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our next guest says the controversy could derail obama's second-term agenda. all that and plenty more as well as we count down to bernanke going to capitol hill as well. "worldwide exchange" continues in just a few moments. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ suddenly, faraway places don't seem so...far away. ♪ ♪ ♪ ♪ ♪ the new blackberry z10. with time shift and blackberry balance. built to keep you moving. see it in action at blackberry.com/z10 >>> all right, this is "worldwide exchange." a recap of the headlines for you today. sony's ceo won't give his own opinion but says the board will assess dan loeb's plan for a partial spinoff. >>> and bank of japan governor haruhiko kuroda plans to watch out for jgb moves flexible in response after
our next guest says the controversy could derail obama's second-term agenda. all that and plenty more as well as we count down to bernanke going to capitol hill as well. "worldwide exchange" continues in just a few moments. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the...
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Jan 2, 2013
01/13
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house passes a bill to avoid the fiscal cliff, but president obama warns us he doesn't want to go to the brink in the next fight over the debt ceiling. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >>> the budget deal boosts asian stocks in hong kong and australia hitting 19-month highs in the first trading session of the year. >>> european equities also share a deal out of washington despite more gloom from the eurozone. manufacturing has continued to contract according to the latest pmi. >>> okay. 2013, a warm welcome to viewers of "worldwide exchange." my special families to a family called the wards. thank you for hosting my family over the new year. personalities out of the way, eurozone, still looking glum despite the market reaction to the fiscal cliff deal this morning. to recap, the eurozone december following manufacturer pmi, 46.1, the flash was 46.3. the final output index, 46, weaker than the 46.1 flash, 46.1 in december. and the november number for orde
house passes a bill to avoid the fiscal cliff, but president obama warns us he doesn't want to go to the brink in the next fight over the debt ceiling. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >>> the budget deal boosts asian stocks in hong kong and australia hitting 19-month highs in the first trading session of the year. >>> european equities also...
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Oct 21, 2013
10/13
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meanwhile, president obama will speak at a white house event at around 11:30 eastern today. he's expected to call the glitches of the new health care insurance website unacceptable. the president will also outline ways consumers can still sign up for coverage whilst his team expects to fix the problems. the department of health and human services says they'll bring in a surge of people to work on the insurance exchanges. this is after on saturday the obama administration said nearly half a million people have applied for insurance but he wouldn't say how many have actually enrolled. the republicans criticized health secretary kathleen sebelius. they said she should testify although they've stopped from saying she should step down. >>> jack lew says the u.s. economy has been bruised by the fiscal fight in washington. he says he's confident they will recover. speaking on nbc's "meet the press," he says it's important they don't experience another round of brinkmanship. >> we know from the shutdown there was a loss of economic activity. i can't give you a number of what it is.
meanwhile, president obama will speak at a white house event at around 11:30 eastern today. he's expected to call the glitches of the new health care insurance website unacceptable. the president will also outline ways consumers can still sign up for coverage whilst his team expects to fix the problems. the department of health and human services says they'll bring in a surge of people to work on the insurance exchanges. this is after on saturday the obama administration said nearly half a...
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Oct 8, 2013
10/13
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the white house has president obama would be willing to accept a short-term deal to raise the debt ceiling to get past the october 17th deadline. but it's unclear whether it has the votes to pass. republican aides say ohio senator rob portman, a former u.s. budget director is floating the idea to reopen the debt ceiling giving the gop the across the board spending cuts currently in place under the sequester and raise the debt ceiling. but portman's proposal may not gabe any traction. at the same time, new polls show the republicans are drawing more fire from the government shutdown than the democrats or president obama. a survey by the pugh research center find 38% blame the gop while 30% blame the administration. that's more sharply divided than two weeks ago. but 58% of democrats and 54% of republicans say it would be unacceptable for their side to back down. that's not a great stat. overall, a majority of the public is concerned about the economic impact of the closure. >>> at the same time, top wall street executives warning that any efforts to prioritize payment of the u.s. debt ceili
the white house has president obama would be willing to accept a short-term deal to raise the debt ceiling to get past the october 17th deadline. but it's unclear whether it has the votes to pass. republican aides say ohio senator rob portman, a former u.s. budget director is floating the idea to reopen the debt ceiling giving the gop the across the board spending cuts currently in place under the sequester and raise the debt ceiling. but portman's proposal may not gabe any traction. at the...
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Sep 9, 2013
09/13
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what happens if the senate approves this and the house doesn't? what will obama do? >> i think it's very difficult to see the president move forward against the wishes of congress, the wishes of the american people here. overwhelming support for this resolution is needed. obama went to congress for political cover. if congress doesn't provide the cover, then i think he'll reconsider. >> anthony, in your notes it's quite interesting, you bring out the costs of a strike. if it's a limited strike the costs would be limited as well, but if it turns out to be a longer one, the republicans are definitely not going to vote for it because they're the spending weary part of the congress. >> sthaerthat's right. the issue at the moment isn't the economics it's the fear of being sucked into a war and it's the fear of empowering al qaeda. there's the sense that some of the people fighting against assad are plenty unpleasant people. but obviously one of the reasons the u.s. doesn't want to get sucked into a quagmire in the middle east is because it's very draining financially. the
what happens if the senate approves this and the house doesn't? what will obama do? >> i think it's very difficult to see the president move forward against the wishes of congress, the wishes of the american people here. overwhelming support for this resolution is needed. obama went to congress for political cover. if congress doesn't provide the cover, then i think he'll reconsider. >> anthony, in your notes it's quite interesting, you bring out the costs of a strike. if it's a...
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May 21, 2013
05/13
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on monday, the white house said two senior aids to president obama were aware of the treasury report weeks before it was made public. >>> and jpmorgan is holding its annual shareholders meeting in tampa, florida, at 10:00 eastern. in toef, the proposal to split the combined role of ceo and chairman currently held by jamie dimon. kayla touchy joins us from tampa with more. kayla, good to see you. how is this going to play out? >> hey, ross, good morning. this is the second year that this meeting has been held here and it's symbolic because the bank has been expanding notably in florida and california. especially among its retail presence of those chosen to gather here. and what's on the docket will be pretty standard. approval of auditor pwc, re-election of the board and approval of the compensation. but the most controversial and the most critical of the company will be the nonbinding proposal currently put forward by shareholders groups recommended by the federation and municipal state of pension employees to potentially split the role of chairman and ceo for jamie dimon. dimon has
on monday, the white house said two senior aids to president obama were aware of the treasury report weeks before it was made public. >>> and jpmorgan is holding its annual shareholders meeting in tampa, florida, at 10:00 eastern. in toef, the proposal to split the combined role of ceo and chairman currently held by jamie dimon. kayla touchy joins us from tampa with more. kayla, good to see you. how is this going to play out? >> hey, ross, good morning. this is the second year...
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Dec 11, 2013
12/13
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what is it like, this business passing through the house, do you think? >> it looks like they'll probably do it. all indications are they have enough folks in the middle to pass this deal. you pointed out with the lack of unemployment insurance and this really doesn't address the deficit, but the fact that it makes all these other cuts, saves the pentagon, pumps more money into them once again suggests that this is going the happen. the big reason more than any, it's a two-year budget agreement that for the next two years assures that washington isn't lurching from one deadline to the next and allows washington to get back to work on all sorts of other issues, especially with campaigns looming in november. >> yeah. so what's the plan? we get this voted in the house on friday and then the senate would, what, wrap it up next week? >> looks like it. the idea here is get the house out of town by friday. they've been here for the past two weeks. the senate got back on monday. they're working there way through a bunch of nominations now including janet yellen t
what is it like, this business passing through the house, do you think? >> it looks like they'll probably do it. all indications are they have enough folks in the middle to pass this deal. you pointed out with the lack of unemployment insurance and this really doesn't address the deficit, but the fact that it makes all these other cuts, saves the pentagon, pumps more money into them once again suggests that this is going the happen. the big reason more than any, it's a two-year budget...
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Dec 26, 2013
12/13
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that's why we moved to a secluded house in the middle of the wilderness. just the right coverage at just the right price. coverage checker from progressive. >>> well, tuns of thousands of americans spend time signing up for obama care in order to be covered by january 1st. now, that deadline has passed on the federal and most state exchanges and preliminary numbers should he a huge ramp up in enrollments. in new york, almost 26,000 people enrolled on tuesday alone. washington state signups have been up about 82% in december. now, the number of official enrollments compiled by cnbc now stands at more than 725,000 people. so obama care may be getting a little bit of momentum here. >> that's right. now, let's focus over to apple. apple is in trouble in taiwan for anti-trust violations. the iphonemaker was fined backside 655,000 saying it interfered with the pricing by three mobile carriers. the commission says apple told the carriers how much to carve for the iphones and recommended changes in plans. apple appealed the ruling, but it could face another $625,0
that's why we moved to a secluded house in the middle of the wilderness. just the right coverage at just the right price. coverage checker from progressive. >>> well, tuns of thousands of americans spend time signing up for obama care in order to be covered by january 1st. now, that deadline has passed on the federal and most state exchanges and preliminary numbers should he a huge ramp up in enrollments. in new york, almost 26,000 people enrolled on tuesday alone. washington state...
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Feb 28, 2013
02/13
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the president will hold congressional leaders at the white house tomorrow. expectation res pretty low the meeting will result in any deal that would avoid the $85 million in spending cuts. those cuts would be phased in gradually and government agencies have begun reducing costs already telling employees how furloughs would work. most federal workers require 30 days' notice before they can be furloughed. a majority believe the sequest ser a bad idea and the fight in washington makes them feel less confident about the u.s. economy. we went out into the streets of los angeles to get the pulse of the people. >> i think it's a political fire. it's a very small percentage of the enormous debt that we have and is they're trying to exaggerate all the worst circumstances to make people think, oh, my gosh, we can't do that. actually, we should cut about 10% of the budget for the next five years and we would still have a lot move money. >> if they couldn't do it with the budget last year, why do you think they can do it with more money this year? >> i'd rather have the
the president will hold congressional leaders at the white house tomorrow. expectation res pretty low the meeting will result in any deal that would avoid the $85 million in spending cuts. those cuts would be phased in gradually and government agencies have begun reducing costs already telling employees how furloughs would work. most federal workers require 30 days' notice before they can be furloughed. a majority believe the sequest ser a bad idea and the fight in washington makes them feel...
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May 14, 2013
05/13
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steven is outside of house of parliaments in westminster. that support from the president presumably quite important. what he said is you normally try and fix a relationship first before you walk away from it. >> if there is a problem, i guess that is the way the u.s. president is indicating he would prefer the british to go. but perhaps we go back a step and look at the local elections throughout the county in the united kingdom. we look at the at what was and wasn't in the queen's speech. there was the right-hand side of the british fiscal spectrum which is now questioning a physical stance. perhaps a lot of that has been brought about the rise of the uk independence party. i'm delighted to see nigel has just joined us. we was working hard and we grabbed him. i think it's fair to say that the people -- you presently are the cat amongst the pigeons. what is the issue that we need to be fighting on regarding our membership of the eu? >> mr. cameron says he'll renegotiate and try and get powers back from britain to brussels. but if he was ser
steven is outside of house of parliaments in westminster. that support from the president presumably quite important. what he said is you normally try and fix a relationship first before you walk away from it. >> if there is a problem, i guess that is the way the u.s. president is indicating he would prefer the british to go. but perhaps we go back a step and look at the local elections throughout the county in the united kingdom. we look at the at what was and wasn't in the queen's...
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Jan 15, 2013
01/13
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is readying 19 recommendations for president obama on gun control. this comes as new york is said to pass one of the most restricted gun laws in the country. the measure, which passed the state senate monday called for tougher inventives for gun crimes and bans internet sales of weapons. >>> lance armstrong is set to come clean on oprah. last year he was accused of master mining a long running doping program. that interview is going to be -- >> one to watch. we've seen other news agencies in the u.s. wish that they had gotten it. but you know what bothers me in all this? what's the lesson? there might be a lance armstrong biopick? it's hardly punishment for someone who is potentially fueled by all that attention. >> it will be interesting to see what happens with the foundation. that would be the key and he's plead, i'm sure. >> he can use the foundation as a wie of arguing his case, bolstering, look at all the good i've done despite this. >> yeah. >> more lance later in the week. these are your headlines. pressure growing on lawmakers to raise the d
is readying 19 recommendations for president obama on gun control. this comes as new york is said to pass one of the most restricted gun laws in the country. the measure, which passed the state senate monday called for tougher inventives for gun crimes and bans internet sales of weapons. >>> lance armstrong is set to come clean on oprah. last year he was accused of master mining a long running doping program. that interview is going to be -- >> one to watch. we've seen other news...
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Mar 4, 2013
03/13
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house speaker john boehner, he met with president obama on friday. says that spending cuts will stay and republicans won't raise taxes. >> this is not the smartest way to cut money. the smarter way would be to move a bill that deals with the long-term spending problem. you can't continue to spend money that you don't have. >> we're only going to get the kind of agreement that gets rid of the harmful sequester, that takes away from the credit shutdown and defaults if both sides are willing to compromise. >> congress bases a march 27th deadline to continue funding the u.s. government or face a potential shutdown. yes, another one, a different one. both boehner and senate majority leader mitch mcconnell says it won't happen. the national business of economics is weighing in on the sequester saying a plan is needed to cut the deficit but spending cuts aren't the way to do it. we'll have plenty more to walk you through what's happening with the sequester, and the continuing resolution at 10:30 cet or about 5:30 for the early birds there eastern time. >>>
house speaker john boehner, he met with president obama on friday. says that spending cuts will stay and republicans won't raise taxes. >> this is not the smartest way to cut money. the smarter way would be to move a bill that deals with the long-term spending problem. you can't continue to spend money that you don't have. >> we're only going to get the kind of agreement that gets rid of the harmful sequester, that takes away from the credit shutdown and defaults if both sides are...
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May 17, 2013
05/13
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he served under president obama and george w. bush. the house ways and means committee will hold a hearing on the internet revenue services screaming to conservative groups at 9:00 eastern today. >>> meanwhile, as cash scrapped governments look for new ways to raise revenue, policymakers have been cracking down on loopholes overseas the. and mexico says it could have a serious impact on american residents living or relocating abroad. joining us is david scott. the firm recently launched a u.s. division to help investors living in the uk comply with these new laws. thanks so much, indeed, for joining us, david. we just heard about the uk becoming a really attractive place for people to relocate. what is -- just explain what factor is and, you know, why it's changing the game in a simple terms as you can. >> to try and keep it very simple. we can be here for hours. essentially, legislation was brought in to make sure that countries across the world report on u.s. citizens living abroad in terms of what their tax income is or whatever so
he served under president obama and george w. bush. the house ways and means committee will hold a hearing on the internet revenue services screaming to conservative groups at 9:00 eastern today. >>> meanwhile, as cash scrapped governments look for new ways to raise revenue, policymakers have been cracking down on loopholes overseas the. and mexico says it could have a serious impact on american residents living or relocating abroad. joining us is david scott. the firm recently...
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Jul 3, 2013
07/13
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white house. former presidential adviser piper malgom will weigh in. asia's largest ipo of 2013 made its traying d itrading debut to. were some left with a sweet or sour tastes in their mouth? we'll be in hong kong for the latest after this. i want to make things more secure. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ >>> that wasn't a big splash many investor were hoping for, but asia's biggest ipo managed to outperform the markets in tokyo. suntory rose 1.5% in the trading debut after they raised nearly $4 billion. the seller of pepsi and canned coffee seen as a play on japan's rebounding consumer market. analysts say raising cash wil
white house. former presidential adviser piper malgom will weigh in. asia's largest ipo of 2013 made its traying d itrading debut to. were some left with a sweet or sour tastes in their mouth? we'll be in hong kong for the latest after this. i want to make things more secure. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting...
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Jan 23, 2013
01/13
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the white house says president obama won't stand in the way of it becoming law. ross? >> yeah. >>> we've been asking as a result here in davos how well u.s. lawmakers' persistent failure to come up with a permanent solution impact the u.s. economy. this is some of these views. >> the lack of decisions in the u.s., kicking the can down the road will be a drag. i think it will be a slower start in the united states as a result generally. >> actually very concerned because the issue is demography, medicare. it's not -- everybody focuses on the cost of running the state. about 15% to 20%. but in the short term, i think actually there will be answers. >> longer term, i think u.s. will be supported by the shale gas and the shale oil industry that is growing very fast at the moment. the energy bill will did g down a lot and they'll be much more competitive. i think the debt problems will resolve themselves. >> all right. that's the views of some of the people we've spoken. to only halfway through the morning of our coverage from the world economic forum. >>> still to come on
the white house says president obama won't stand in the way of it becoming law. ross? >> yeah. >>> we've been asking as a result here in davos how well u.s. lawmakers' persistent failure to come up with a permanent solution impact the u.s. economy. this is some of these views. >> the lack of decisions in the u.s., kicking the can down the road will be a drag. i think it will be a slower start in the united states as a result generally. >> actually very concerned...
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Apr 29, 2013
04/13
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president obama used the annual white house correspondent association dinner to spoke fun at himself and his critics. he introduced a spoof video featuring the director of clinic. >> in the middle of the night i look up and it hit me, obama. i mean, the guy is already a lame duck,ve why not? picking an accounter to play obama, that was the challenge. who is obama, really? we don't know. we never got the transcriptes and they say he's kind of aloof. so i needed someone to dive in and really barack obama become. and it turns out the answer was right in front of me all along. daniel day-lewis. >> hello, ohio! i'll have your become. what? what? let me be clear about this. at least we had daniel to play obama, we had to cast the rest of the team. and i think we've got some pretty terrific performs. >> working with a legend like daniel is intimidating. without daniel, i never could have played joe biden, writ rally. hi, i'm joe biden. the hardest part? trying to understand the motivations. why did you pursue health care first? why don't you get mad? if i were him, i'd be mad all the time.
president obama used the annual white house correspondent association dinner to spoke fun at himself and his critics. he introduced a spoof video featuring the director of clinic. >> in the middle of the night i look up and it hit me, obama. i mean, the guy is already a lame duck,ve why not? picking an accounter to play obama, that was the challenge. who is obama, really? we don't know. we never got the transcriptes and they say he's kind of aloof. so i needed someone to dive in and...
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Apr 3, 2013
04/13
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. >>> obama administration pushing u.s. banks to make more home loans to people with weaker credit. sounds like stories of the past. "the washington post" reports the president's economic advisers say the housing market is leaving too many behind as it rebounds especially young people looking to buy their first home and those whose credit reports were hurt by the recession. housing officials are urging they won't face penalties to people who later default. it opens the door to risky lending that led to the housing crisis in the first place. the same is happening here in britain. >>> bp put its wind power business up for sale. the unit is worth $1.5 billion is a retreat from alternative energy to focus on core oil and gas operations. wind power is one of the largest renewable businesses and bp is among the largest u.s. wind generators. shares are just fractionally higher in london today. that's outperforming the market. hash tag earnings. s.e.c. making a big decision regarding company news and social media. bertha coombs at cnbc global headquarters with more on the s.e.c.'s decision.
. >>> obama administration pushing u.s. banks to make more home loans to people with weaker credit. sounds like stories of the past. "the washington post" reports the president's economic advisers say the housing market is leaving too many behind as it rebounds especially young people looking to buy their first home and those whose credit reports were hurt by the recession. housing officials are urging they won't face penalties to people who later default. it opens the door...
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May 29, 2013
05/13
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president obama is reportedly expected to name longtime adviser jason furman as the next white house chief economist. he would replace allen krueger as head of the council of economic advisers. he's returning to academia at princeton university. he has advised president obama on economic matters since his first campaign in 2008 and played a key role in crafting the $787 billion economic stimulus package in 2009. >>> citigroup settles a lawsuit filed by the federal housing finance agency, which accused the bank of misleading fannie mae and freddie mac into buying more than $3 billion of mortgage-backed securities. the amount of the settlement wasn't disclosed. this is the second such pact the government regulator has reached out of the 18 securities fraud cases it filed against banks in 2011 involving more than $200 billion in mortgage-backed securities. here's a look at citi's shares. you can see in germany down about 1%. in after-hours trade in new york, they're also trading just a fraction down, just 0.1%. >>> a csx freight train crashed into a garbage truck near baltimore tuesday
president obama is reportedly expected to name longtime adviser jason furman as the next white house chief economist. he would replace allen krueger as head of the council of economic advisers. he's returning to academia at princeton university. he has advised president obama on economic matters since his first campaign in 2008 and played a key role in crafting the $787 billion economic stimulus package in 2009. >>> citigroup settles a lawsuit filed by the federal housing finance...
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Jan 14, 2013
01/13
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the white house says congress can either pay its bills or it can put the nation into default. reports suggest the government can run out of action to pay those bills as early as mid february. >>> and the creators of south park are setting up their own production studio. they've secured $2 million to set up a company called important stud wrote. the new studio will incorporate revenue from south park and the hit broadway play "the book of mormons." >>> and the ftse 100 closed up with a fresh 4 1/2 low on friday. we had a pupil by another market. but today, the xetra dax, cac 40 and the ibex, as well. shaking off that production data. take a look at what's on today's agenda in the u.s. fed chief ben bernanke will be speaking at the university of michigan later on. he'll discuss monetary policy, recovery from the financial crisis and is long-term challenges facing the u.s. economy. bernanke's xhnts will set the tone for a fed meeting scheduled for later in the month. u.s. futures are looking to continue their gains. they're also near five-year highs. the s&p 500 is looking to add
the white house says congress can either pay its bills or it can put the nation into default. reports suggest the government can run out of action to pay those bills as early as mid february. >>> and the creators of south park are setting up their own production studio. they've secured $2 million to set up a company called important stud wrote. the new studio will incorporate revenue from south park and the hit broadway play "the book of mormons." >>> and the ftse...
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Oct 15, 2013
10/13
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let's not forget president obama wanted to keep his blackberry when he got to the white house. in an interview with reuter's blackberry chief marketing officer says uncertainty is the reason why they published the letter because the company is financially stable and has to debt. he also says blackberry's products and services, saying 6 million android and iphone users have preregistered for the launch of its blackberry messenger service. the company's future was thrown into doubt this summer when it announced it was weighing options, including an outright sale. reports say it's in talks with s.a.p., cisco and google on a possible alternative deal to the preliminary buyout offer made by its largest shareholder, fairfax financial. last week, blackberry's cocounters said they're considering making a bid themselves. blackberry has struggled to compete against the likes of apple's iphone and devices running google's android software, new line of phones running its blackberry 10 operation failed to spark sales prompting the company to announce last month it's going to cut a third of
let's not forget president obama wanted to keep his blackberry when he got to the white house. in an interview with reuter's blackberry chief marketing officer says uncertainty is the reason why they published the letter because the company is financially stable and has to debt. he also says blackberry's products and services, saying 6 million android and iphone users have preregistered for the launch of its blackberry messenger service. the company's future was thrown into doubt this summer...
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Mar 6, 2013
03/13
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rebecca says, no reason to pay to tour our house. obama will monetize anything. steve in kansas says, i wonder how the price of the tours would compare with a trip to see tiger woods. viewers not happy with president obama this morning. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz.
rebecca says, no reason to pay to tour our house. obama will monetize anything. steve in kansas says, i wonder how the price of the tours would compare with a trip to see tiger woods. viewers not happy with president obama this morning. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz.
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Oct 24, 2013
10/13
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today the house energy and commerce committee hold a hearing at 9:00 a.m. eastern time on issues with the rollout of the site, the two primary contractors are both set to testify. cnbc's bertha coombs is live in washington with more. bertha, just for our european viewers, the global viewers who may not be up to speed with this story, update us and tell us what's been happening. >> well, initially, we saw the beginning of open enrollment. that's the time when you can sign up. it runs for six months. and, actually, you really had to have your duck necessary a row in terms of signing up for insurance by mid february in order not to be without insurance for three months in a row. that's when the penalty that is part of the affordable care act kicks in. now the administration has said sign up by march 311th. so in a sense, they slide an extra six weeks for br people to be able to sign up before incurring a penalty. the reason is because of a lot of glitches on the enrollment site, the electronic enrollment process which is key to be able to get the large numbers
today the house energy and commerce committee hold a hearing at 9:00 a.m. eastern time on issues with the rollout of the site, the two primary contractors are both set to testify. cnbc's bertha coombs is live in washington with more. bertha, just for our european viewers, the global viewers who may not be up to speed with this story, update us and tell us what's been happening. >> well, initially, we saw the beginning of open enrollment. that's the time when you can sign up. it runs for...
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Dec 19, 2013
12/13
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president obama says he'll sign the bill, which cleared the house last week before he leaves for his christmas vacation on friday. >>> and the u.s. senate could vote on janet yellen's nomination before they leave for the year. yellen's support of the tapering of the bond buying program has won over her support on capitol hill. last month, mancion was the only democrat to vote against approvi approving yellen. >>> mishkin has told cnbc many of the headwinds driving the fed's hesitation to move in september when the markets were expecting it have now all come together. >> this is a very good outcome. they basically decreased uncertainty, they also made it very clear that there is a difference, but that tapering does not mean a tightening of policy. >> european equities, meanwhile, are pretty much on the best levels of the session. the ftse up nearly 1%. we're up 1.4% for the german, the french and the italian markets. u.s. futures, after their best day in two months yesterday and closing record highs for the s&p and the dow jones industrial average have been fairly flat this morning to
president obama says he'll sign the bill, which cleared the house last week before he leaves for his christmas vacation on friday. >>> and the u.s. senate could vote on janet yellen's nomination before they leave for the year. yellen's support of the tapering of the bond buying program has won over her support on capitol hill. last month, mancion was the only democrat to vote against approvi approving yellen. >>> mishkin has told cnbc many of the headwinds driving the fed's...
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Apr 5, 2013
04/13
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president obama appears plan which will be released on wednesday reportedly cuts the u.s. deficit by $1.8 trillion over the years. the "new york times" says the plan includes entitlement cuts used the so-called chained cpi to calculate cost of living increases. that's supported by republicans but opposed by many democrats. the journal suggests the president's budget would include a 28% limit on tax breaks for the wealthiest americans. julia, if those two proposals are indeed included, what would you make of it? >> i'm pretty conceptual of the president's budget proposal. most of the proposals we've seen are posturing documents, not really aimed at getting a job done. we've seen the chained cpi being put on the stable several times. unfortunately, i think the most likely outcome is we'll be jumping from one budget to another with no grand entitlement reform. i hope president obama is learning better how to negotiate a real budget, but that's not my baseline expectation. >> patrick, i don't know if you agree with julia, if you did and we're moving around from one plan to the
president obama appears plan which will be released on wednesday reportedly cuts the u.s. deficit by $1.8 trillion over the years. the "new york times" says the plan includes entitlement cuts used the so-called chained cpi to calculate cost of living increases. that's supported by republicans but opposed by many democrats. the journal suggests the president's budget would include a 28% limit on tax breaks for the wealthiest americans. julia, if those two proposals are indeed included,...
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Nov 15, 2013
11/13
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the white house said the measure would undermine obama care because it would let insurers to sell those plans to both current and new customers, not just people who want to renew their existing policies. president obama has come under fire for the botched rollout of the health care law and his much repeated promise that if people like their insurance plan or doctor, they could keep them. over the past month, insurers have sent nearly 5 billion letters to cancel plans that don't meet the requirements. >> i think it's legitimate for them to expect me to have to win back some credibility on this health care law in particular and on a whole range of these issues in general. and that is on me. we fumbled the rollout on this health care law. >> notwithstanding the president's mea culpa, his fix is voluntary and it may cause more headaches for insurers because now it puts the onus on companies to naul the renewed policy. the biggest issue is time. insurers would have to mail out new letters to people and then they have to get premiums back by december 15th, a tall order in 30 days here. the in
the white house said the measure would undermine obama care because it would let insurers to sell those plans to both current and new customers, not just people who want to renew their existing policies. president obama has come under fire for the botched rollout of the health care law and his much repeated promise that if people like their insurance plan or doctor, they could keep them. over the past month, insurers have sent nearly 5 billion letters to cancel plans that don't meet the...
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Apr 16, 2013
04/13
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the white house. he told people that he would track down who was responsible for this. but he said to be careful not to jump to conclusions about who was behind this attack. >> we will find out who did this, we will find out why they did this. any responsible individuals, any responsible groups will feel the full weight of justice. >> and the president promised the full resources of the federal government would be put behind this investigation. so far, though, guys, leads seem to be few and far between, at least as are being publicly disclosed at this point. but you can imagine a massive federal response is under way. back to you. >> aman, thanks very much for that. turning our attention to the market this morning, we're getting news out of goldman sachs. the firm defending its views, ross, generally speaking with the result of the prices they have seen. >> they have lowered that gold forecast last week, haven't they? >> now they're lowering their stock loss targets, as well, saying, of course, that t
the white house. he told people that he would track down who was responsible for this. but he said to be careful not to jump to conclusions about who was behind this attack. >> we will find out who did this, we will find out why they did this. any responsible individuals, any responsible groups will feel the full weight of justice. >> and the president promised the full resources of the federal government would be put behind this investigation. so far, though, guys, leads seem to be...
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May 16, 2013
05/13
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it's a busy day, key reads on inflation and housing. it's thursday, may 16th, 2013, and "squawk box" begins right now. >>> good morning. and welcome to "squawk box" here on cnbc. i'm michelle caruso yeah brar ra along with joe kernen and steve liesman. steve and i are spending the morning with joe because becky and andrew are on assignment today. the acting irs commissioner is out following a scandal on the agency. president obama said the conduct that targeted conservative groups for extra tax scrutiny was, quote, inexcusable. >> i will not toll race this kind of behavior in any agency, but especially in the irs given the power that it has and the reach that it has in all of our lives. >> more on this unfolding story from john harwood and politico's ben white in just a knew minutes pb but fist, cisco posting better-than-expected earnings on current quarter revenue. ceo john chamber says his company is seeing good signs in the united states and other parts of the world are, quote, encouraging. shares rising
it's a busy day, key reads on inflation and housing. it's thursday, may 16th, 2013, and "squawk box" begins right now. >>> good morning. and welcome to "squawk box" here on cnbc. i'm michelle caruso yeah brar ra along with joe kernen and steve liesman. steve and i are spending the morning with joe because becky and andrew are on assignment today. the acting irs commissioner is out following a scandal on the agency. president obama said the conduct that targeted...
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president obama is considering other people. former fed chairman don cohn has been mentioned. he retired from the fed in 2010. former treasury secretary tim geithner is a popular choice of the white house but he has repeatedly said he's not interested in the job. this is a story that we'll continue to watch on wall street, ross. >> seema, thank you for that. joining us, chief investment officer of commonwealth financial network. brad, good morning to you. the clear direction is summers is gone, therefore, any other candidate is more dovish. how long does that sort of relief last? >> oh, i think there are two things going on here. first of all, you saw the markets react to the potential for the fed to start tapering the stimulus. they bid prices up, bid interest rates up, i should say. that has started to recede already. the fact that you have probably the most dovish candidate as the front-runner obviously has to alleviate worries. >> we are going to start tapering? >> well, that's what they say, but if you look at the weaker economic data that's come in, i actually don't thin
president obama is considering other people. former fed chairman don cohn has been mentioned. he retired from the fed in 2010. former treasury secretary tim geithner is a popular choice of the white house but he has repeatedly said he's not interested in the job. this is a story that we'll continue to watch on wall street, ross. >> seema, thank you for that. joining us, chief investment officer of commonwealth financial network. brad, good morning to you. the clear direction is summers is...
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president obama met with republican senators john mccain and lindsey graham at the white house on monday, both -- some expressed concern about the u.s. being dragged into a new conflict in the middle east. let's get more. ayman mohyeldin is on the ground in beirut. i wonder how the comments are going down from senator mccain in the middle east, that seems to be talking broader than just a strategic air strike. >> reporter: that's one of the points that the syrian government has been making in the past several months. they have been saying this isn't about terrorism or rebels, this is about the united states and western led aggression to try and topple the syrian regeimreg. the comments is going to feed that argument or syrian narrative, which is based on the fact that they believe they're coming under attack, to be taken out of power. the other point of that is the u.s. has always been very reluctant to deal with all of the syrian opposition rebels because they know some of them are extremists, some of them are linked or driven by al qaeda ideology. they have been very reluctant to empow
president obama met with republican senators john mccain and lindsey graham at the white house on monday, both -- some expressed concern about the u.s. being dragged into a new conflict in the middle east. let's get more. ayman mohyeldin is on the ground in beirut. i wonder how the comments are going down from senator mccain in the middle east, that seems to be talking broader than just a strategic air strike. >> reporter: that's one of the points that the syrian government has been...
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in dallas today visiting volunteers who are helping to enroll people for health insurance. >>> the house ways & means committee has issued a subpoena to the obama administration to release numbers on how many people have signed up for coverage so far. the panel wants the data by friday. >>> now, election day was much smaller this year in the u.s. with fewer races, but there were some big results. de blasio won in new york city. he'll become the first democratic mayor in 2009. it was much tighter in virginia. former democratic national chair terry mcaulliff narrowly won to be the state's next governor. >>> and coming up, could this man, as we put the picture up, be the next microsoft ceo? the software giant has reportly whistled down the possibility of those who could be in the front office. we'll look at the potential candidates, coming next. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with
in dallas today visiting volunteers who are helping to enroll people for health insurance. >>> the house ways & means committee has issued a subpoena to the obama administration to release numbers on how many people have signed up for coverage so far. the panel wants the data by friday. >>> now, election day was much smaller this year in the u.s. with fewer races, but there were some big results. de blasio won in new york city. he'll become the first democratic mayor in...
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needed under the nation's international bailout, meeting with samaras at the white house, obama emphasized the importance of growth over consolidation, saying that austerity is not the only strategy. >> it is important that we have a plan for fiscal consolidation to manage the debt, but it is also important that growth in jobs are a focus. >> and striking more defiant term, the greek prime minister suggested the forechutunes of ee and greece were intertwined. >> if greece succeeds and it will succeed, our success story is also a european success story and i believe this is very important. >> brazil's finance minister called on the imf to review its aid package for greece and the broader eurozone. his comments came as he was attempting to clarify the stance on greek latest aid tranche. brazil had abstained from the vote, but switched its position to support it and said this had occurred due to a communication problem with the imf's board member for brazil. >>> if you have any thoughts or comments, e-mail us, worldwide@cnbc.com. plenty more as well to come on the show. president obama's over
needed under the nation's international bailout, meeting with samaras at the white house, obama emphasized the importance of growth over consolidation, saying that austerity is not the only strategy. >> it is important that we have a plan for fiscal consolidation to manage the debt, but it is also important that growth in jobs are a focus. >> and striking more defiant term, the greek prime minister suggested the forechutunes of ee and greece were intertwined. >> if greece...
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house gop leaders are said to be moving on a tough stand on a funding bill and how it relates to obama care. >>> and in corporate news apple launches its newest operating system today while blackberry unveils its latest devices. it's wednesday, september 18th, 2013, and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who is reporting live from chicago this morning. andrew is getting ready for an exclusive interview with goldman sax chairman and ceo lloyd blank fine coming up at 8:30 eastern time. we'll have more from andrew on that conversation in a minute. first up the fed is set to announce its policy decision at 2:00 eastern this afternoon. chairman ben bernanke is going to hold a news conference 30 minutes later. the central bank is expected to announce it's winding down its $85 billion asset purchase program. the question is by how much? also on the economic agenda today, we have august housing starts and building permits. starts are expected to rise by 2%. permits are ex
house gop leaders are said to be moving on a tough stand on a funding bill and how it relates to obama care. >>> and in corporate news apple launches its newest operating system today while blackberry unveils its latest devices. it's wednesday, september 18th, 2013, and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who is reporting live from...
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. >> president obama at the st. petersburg summit as ban ki-moon sounds a warning over sectarian violence. but the white house keeps up the pressure on congress to approve a military strike. >>> we're joined live by former italian prime minister mario monti as fresh talk that silvio berlusconi is ready to bring down the italian government overshadows the forum. >>> and is it game over for kevin rudd? all signs point to the conservatives taking power in australia as campaigns make their final push before tomorrow's vote. >>> let's get back to one of our top stories. president obama is facing gross grohhing pressure from world leaders not to launch military strikes in syria. u.n. chief ban ki-moon warned from the g-20 summit in st. petersburg this morning that any intervention in syria could worsen sectarian violence. but on the sidelines of the g-20 talks, obama has been making calls from abroad to key lawmakers back home seeking support for a limited scope use of military force. u.s. senate majority leader harry rei
. >> president obama at the st. petersburg summit as ban ki-moon sounds a warning over sectarian violence. but the white house keeps up the pressure on congress to approve a military strike. >>> we're joined live by former italian prime minister mario monti as fresh talk that silvio berlusconi is ready to bring down the italian government overshadows the forum. >>> and is it game over for kevin rudd? all signs point to the conservatives taking power in australia as...
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the white house chief technology officer todd park is willing to speak with the committee at a later date, but he's too busy right now working on fixing the website. issa says he may consider subpoenaing parks. >> the political ramifications on this seem so large. now, talking about twitter, you and i were not optimistic enough, were we? >> no. no. i was a big bear and even you were on the conservative side. wow, what a showing we saw from twitter yesterday. >> amazing. twitter soaring on its debut generating a lot of enthusiasm. it was a down day for the markets. bob pisani was in the thick of it at the new york stock exchange. he's here to walk us through the action. >> ross, twitter took a long time to open, but when it did, it opened with a bang after pricing at $26, it opened at $45.10. after briefly trading at $50, settled down to roughly $45 to $48 for the rest of the day. but as the markets sold off in the last hour, twitter came down, ending the day at 44.90 below the opening price. it was a mild disappoint to an otherwise very strong showing. now, one footnote, ross, this w
the white house chief technology officer todd park is willing to speak with the committee at a later date, but he's too busy right now working on fixing the website. issa says he may consider subpoenaing parks. >> the political ramifications on this seem so large. now, talking about twitter, you and i were not optimistic enough, were we? >> no. no. i was a big bear and even you were on the conservative side. wow, what a showing we saw from twitter yesterday. >> amazing....